Gold Coast property

Gold Coast property sellers rake in millions from local, interstate buyers amid pandemic

PHOTO: 1-3 La Scala Court, Isle Of Capri. Photo: Amir Mian Prestige

The Gold Coast is cashing in big bucks from the global health crisis with millions of property dollars splashed over the past month alone following a stellar sales quarter that experts say has thrust the region forward by a decade.

Following a pandemic-fuelled surge in tree and sea-changers, local and interstate buyers have pounced on “bargain lifestyle homes” from the Glitter Strip to the Coast’s lush hinterland, with bottomed-out interest rates further swelling the flood that’s tipped to continue into next year.

A Surfers Paradise mansion led last month’s sales charge, and is set to blow more than a decade of Queensland property sale records out of the water.

While the sale was shrouded in secrecy, selling agent Amir Mian, of Amir Prestige, confirmed the $27 million sale of a new property perched on the main river of Surfers Paradise on a 2900-square-metre block, snapped up by an interstate buyer with local connections.

“That was the top sale in Queensland in 13 years … it’s very good news for the prestige market here and the market in general,” Mr Mian said.

“In fact I think the pandemic has been good news for the Gold Coast … it has been a blessing in a disguise and to us what should have happened in a decade has been brought forward [thanks to the COVID-19 crisis].”

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